Roth Capital lowered the firm’s price target on SM Energy (SM) to $41 from $42 and keeps a Buy rating on the shares following the Q1 report. The firm cut 2025 cash flow estimates by 2.4% to reflect lower production and higher costs. SM will prioritize debt paydown in the near future but is still planning for opportunistic share buybacks, which likely occur in the second half of 2025, the analyst tells investors in a research note.
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